{quote} Compared with this indicator, gives exact same entry plus additional multiple signals for slowpokes. What do you think of it? No squiggly lines which require mathematical manipulation of the Price data{image}
Plan, Prepare, Execute, Repeat
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Good morning everyone - a new week beckons!
I'm aware that people have asked for more information on trade management so I intend to post some trades I'm in before I close out (both potential winners and potential losers), with a focus on how I intend to manage/close the trade.
Let's start with oil. A long trade on standard mode (entry at red upward arrow). With hindsight, I got into the move a bit too late perhaps. But I'm in now so what next?
We're about to get negative daylight but that alone won't shake me out of the trade. For me to be proven wrong and exit with a loss, I will want to see a clear cross of the -50 line by the slow moving average.
Will update on the outcome of the trade when I close.
I'm aware that people have asked for more information on trade management so I intend to post some trades I'm in before I close out (both potential winners and potential losers), with a focus on how I intend to manage/close the trade.
Let's start with oil. A long trade on standard mode (entry at red upward arrow). With hindsight, I got into the move a bit too late perhaps. But I'm in now so what next?
We're about to get negative daylight but that alone won't shake me out of the trade. For me to be proven wrong and exit with a loss, I will want to see a clear cross of the -50 line by the slow moving average.
Will update on the outcome of the trade when I close.
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Good morning everyone - a new week beckons! I'm aware that people have asked for more information on trade management so I intend to post some trades I'm in before I close out (both potential winners and potential losers), with a focus on how I intend to manage/close the trade. Let's start with oil. A long trade on standard mode (entry at red upward arrow). With hindsight, I got into the move a bit too late perhaps. But I'm in now so what next? {image} We're about to get negative daylight but that alone won't shake me out of the trade. For me to...
Talking of next opportunity, I'm short Dow. Will update when I close out.
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Update on Dow trade - out +35 at potential support. It looks like it will continue dropping without me, but that's okay.
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Giving oil another try. Long at upward red arrow. Will update when I close out.
- Joined Oct 2007 | Status: Thanking GOD for today | 1,105 Posts
Got a couple larger timeframe trades going from the 4 hr charts.
Plan, Prepare, Execute, Repeat